This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.

Structured Settlement in Delaware

Delaware law sets a three-day waiting period before a structured settlement transfer can be finalized. This cooling-off period is codified under 10 Del. C. § 6601 to § 6609, which governs all structured settlement transfers in the state. After the transferee provides the required disclosure documents to the payee, the payee has three business days to revoke the transfer without penalty or further obligation. The statute also sets out factors a court must consider before approving any transfer, ensuring the transaction is in the payee’s best interest. The worked example below demonstrates how the three-day timeline applies in a typical scenario. For an estimate tailored to your circumstances, use the DocketMath calculator.

Governing authority

In Delaware, the structured settlement rule is set by 10 Del. C. § 6601 to § 6609. The verified packet cites 10 Del. C. § 6601 to § 6609 (https://delcode.delaware.gov/title10/c066/index.html).

Delaware structured settlement: the verified value is 3 days under 10 Del. C. § 6601 to § 6609. The verified packet cites 10 Del. C. § 6601 to § 6609 (https://delcode.delaware.gov/title10/c066/index.html).

Estimate your own result: every situation has exceptions that can change the outcome. Use the structured settlement calculator to estimate your specific figure.

This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.